Since the start of the coronavirus (COVID-19) crisis, many businesses have had to close their doors or have struggled to pay rent. As a result, commercial property landlords suffered loss of income, leading to failure to repay mortgage loans. In 2020, the default rate of commercial real estate mortgages rose to 4.6 percent, which is the highest value observed since the global financial crisis.
Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020
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Bloomberg. (April 22, 2021). Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/
Bloomberg. "Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020." Chart. April 22, 2021. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/
Bloomberg. (2021). Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/
Bloomberg. "Share of Default Commercial Real Estate Mortgage Loans in The United Kingdom (Uk) from 2019 to 2020." Statista, Statista Inc., 22 Apr 2021, https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/
Bloomberg, Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020 Statista, https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/ (last visited November 21, 2024)
Share of default commercial real estate mortgage loans in the United Kingdom (UK) from 2019 to 2020 [Graph], Bloomberg, April 22, 2021. [Online]. Available: https://www.statista.com/statistics/1247262/default-rate-of-commercial-real-estate-loans-in-the-uk/
